WWW.INTEROIL.COM Triceratops-2 Month End Technical Update - Monday, April 02, 2012 Phil Mulacek - Chief Executive Officer David Holland Exploration Manager
Reasons for Drilling the Triceratops-2 Well Why this structure: Known hydrocarbon accumulation evidenced by the Bwata-1 and Triceratops-1 wells Large potential carbonate build up, estimated at over 2,000 feet, identified on modern…
Summary Of Current Well Data The Triceratops-2 well is targeting a localized closure up dip from the Bwata-1 gas discovery well drilled and tested in 1959 by the Australasian Petroleum Company (APC) and Triceratops-1 by InterOil in…
Triceratops-2 Projected on to Dip Line BW09IOL11 N S N S Surface Dips Pide River Well deliberately Valley positioned off flank of Vertical to potential reef due to overturned pressure control beds concerns for a shallower…
Potential Scale of the Field Strike line BW05IOL10 Triceratops-2. Potential height 680 m (2,231 ft) Potential Gas Triceratops-2 Column Height Bwata-1 Triceratops Field 158 m (518 ft) Bwata-1 (GWC) 5,500ft (1,700m)…
Potential Tall Hydrocarbon Column Under Large Area Of Closure Large seismically defined closure greater 125 Km2 Potential greater than 2 x Antelope closure Gas water Contact Triceratops Field 5,500ft Triceratops-1…
Mud Log Summary Plot Limestone Dolomite Frequent drilling losses demonstrate permeability Good levels of background gas (C1 to C5+) Calcimetry and sample Analysis staining indicate Limestone (Calcium Carbonate) and…
Mud Gas Analysis - Gas Ratio Interpretation Currently the Mud gas data provide the best evidence for gas and Top Orbulina Marl condensate reservoir fluid Scenario B Top Carbonate Reservoir Gas + Condensate Gas Ratio…
Cutting Analysis - Lithology and visual characterisation Lithology Wackestone crystalline with solution enhanced Summary Description moldic and channel porosity. Limestone: wackestone to packstone occ. crystalline, pale yellow…
Triceratops-2 Wireline Logging and Testing Plan The Triceratops-2 logging program will be the same as we have used in the appraisal of the Elk and Antelope gas fields. Preparation underway for logging program Schlumberger is our…
Forward Plan The forward plan is to drill ahead through the carbonate reservoir interval and into the likely Mid to Late Cretaceous Ieru Formation. Complete the wireline logging program. The results of the logging program will allow…
Conclusion At this stage the data from the Triceratops-2 well are very promising A 2,086 feet (636 meter) interval of the gross carbonate reservoir has been drilled. Additional reservoir remains to be drilled. We are drilling this…
An Energy Development Company With Significant Exploration Potential Thank You
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